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BittsAnalytics recently introduced real-time social media analytics with numerous excellent results so far. Latest example is RChain which surged in tweets mentions in the morning of 9th September (all times are UTC):

Its price has jumped more than 50% since the surge in social media mentions confirming the added value of having real-time social media analytics at your fingertips.

Real-time social media analytics is available as part of our Advanced subscription at

Next week we will be introducing a new feature, real-time version of our social media analytics tools (our subscriptions currently offer social media analytics data aggregated only on daily basis). Before going to a an example of analyzing real-time data on the case of today’s Bitcoin jump let us start with a quick look at example screenshot of the dashboard:

As the next step we will look at the bitcoin development today, because it was interesting both in terms of social media data and price. If we closely inspect the above chart we see a big hourly surge in tweets mentions of Bitcoin at 16:00 UTC time (this value is the sum of all Bitcoin tweets mentions between 15:00 and 16:00 UTC time):

The change with respect to the same value a day ago but in same hour slot is +110%. The value of this jump with respect to historical population has a Z score of around 3. The increase is thus historically around 3 standard deviations from the mean, making it a significant signal. Note also from the second chart that we got a sentiment reversal to the positive in this time period, which is a supporting bullish sign for the signal:

(Sentiment is determined with machine learning from the texts of tweets about Bitcoin). The robust surges today in price and social media space look like a good sign (weekend day was probably also a factor in terms of resonance).

If you are interested in our upcoming real-time analytics tools send us an email before 7th September to receive an early bird coupon which allows you to get the subscription at 30% lower price when we launch the service. Or you can subscribe to one of our powerful analytics tools already today at https://www.bittsanalytics.com/subscribe.php and you will get the 30% reduction automatically as an existing subscriber.

As we said in the tweet there was a higher chance of seeing a rapid rise once the 7700 USD level is broken. The optimal way of trading this would be to set up e.g. limit buy orders at 7750 USD. And what we conjectured has today indeed happened. Once the 7750 USD was broken the price rapidly rose for a return of +7% in less than a day.

In this blog post we would like to show how even technical analysis works surprisingly well in identifying turning points. See the chart of double and triple top patterns for Bitcoin (the chart was automatically generated by our AI which does it every day for all cryptocurrencies):

As you can note there were two cases where the Bitcoin established a top pattern and then fell on that top line. First the pattern was established by points 1 and 2 at around 11900 USD. Bitcoin then fell after reaching the level for the third time (point 3). More recently the next top pattern was established with points 4 and 5. And after reaching this level of around 9900 USD (point 6) the Bitcoin again fell and has been down almost 30% since that price.

Top and bottom patterns can thus be a very useful tool for assessing the potential of cryptocurrencies for rise or fall in price. We automatically generate chart patterns like this every day with our AI algorithms and make them available at our platform. You can subscribe at our platform here: https://www.bittsanalytics.com/subscribe.php

Market Sentiment Indicator is an indicator that we use to assess the sentiment of overall cryptocurrency market and is part of our framework of warning signals (* see detailed definition of indicator below). The latest warning signal from indicator came on 5th May with Bitcoin as a reference for the whole crypto market at around 9820 USD. The signal turned out to be again correct, crypto markets went in correction with Bitcoin reaching 7150 USD for a loss of almost 30%. This is the fifth consecutive time our warning signal has been correct, i.e., it was followed by loss of at least ten percent. See the picture below and statistics for previous warnings (updated):

Date of Warning Signal

Return of Bitcoin from signal to next trough

2017-11-18

4%

2017-12-08

-28%

2017-12-18

-41%

2018-01-24

-45%

2018-03-12

-20%

2018-05-05

-27% (updated)

We believe that making profits in cryptocurrencies markets is becoming harder and the winners will be those with better data and better analytical tools. That is what we provide our users with our BittsAnalytics platform and if you want to start using our market sentiment indicator and many other data and tools you can find more information about becoming our user at www.bittsanalytics.com.

* Market Sentiment Indicator or MSI is based on sentiment of individual cryptocurrencies, with sentiment determined with machine learning from tweets mentioning the particular cryptocurrency. It is defined as the percentage of 10 largest cryptocurrencies whose sentiment was positive on a given day. For comparison chart is plotted with Bitcoin open price as a reference for general market.

You can read about our some of our past warnings from market sentiment indicator in our previous blog posts:

We are using proprietary deep learning on vast sets of different data to assess where could be possible price bands of resistance for cryptocurrencies. For many excellent past cases of achieving high returns with BittsBands see our blog posts at http://www.bittsanalytics.com/blog/category/bittsbands/

Golem on 2nd May entered price region where it had almost no resistance BittsBands just above 0.6 USD:

In this situation a rally through 0.6 USD to much higher values would have a higher probability. This is indeed what has happened in the last day with the price now reaching 0.91 USD for a return of 48% in just a day.

If you want to include deep learned Bittsbands data in your cryptocurrency analysis you can find it at our BittsAnalytics platform: www.bittsanalytics.com. Platform also has a lot of other advanced data such as social media analytics and chart patterns automatically detected with AI as well as sophisticated analytical tools. These have also proven excellent generators of trading signals, read more about them here: http://www.bittsanalytics.com/blog/category/bittssignals/

We are using proprietary deep learning on vast sets of different data to assess where could be possible price bands of resistance for cryptocurrencies. For many excellent past cases of achieving high returns with BittsBands see our blog posts at http://www.bittsanalytics.com/blog/category/bittsbands/

Several days ago we wrote about how one could use BittsBands to make great return on Aelf when the price was around 1.2 USD:

What we also noted at the time was the relatively weak resistance bands above 1.2 USD up to 1.9 USD, see chart from that tweet:

In this situation a rally through 1.2 USD and much higher would have a higher probability. This is indeed what has happened in the last week with the price now reaching 1.8 USD for a return of 50% in less than a week.

If you want to include deep learned Bittsbands data in your cryptocurrency analysis you can find it at our BittsAnalytics platform: www.bittsanalytics.com. Platform also has a lot of other advanced data such as social media analytics and chart patterns automatically detected with AI as well as sophisticated analytical tools. These have also proven excellent generators of trading signals, read more about them here: http://www.bittsanalytics.com/blog/category/bittssignals/

We are using proprietary deep learning on vast sets of different data to assess where could be possible price bands of resistance for cryptocurrencies. For many excellent past cases of achieving high returns with BittsBands see our blog posts at http://www.bittsanalytics.com/blog/category/bittsbands/

Several days ago we wrote about how one could use BittsBands to make great return on EOS when the price was around 12 USD:

What we also noted at the time was the relatively weak resistance bands above 12 USD, see chart from that tweet:

In this situation a rally through 12 USD and much higher would seem much more easier. This is indeed what has happened in the last days with the price now reaching 21.25 USD for a return of 77% in less than a week.

If you want to include these deep learned data in your cryptocurrency analysis you can find it at our BittsAnalytics platform: www.bittsanalytics.com. Platform also has a lot of other advanced data such as social media analytics and chart patterns automatically detected with AI as well as sophisticated analytical tools. These have also proven excellent generators of trading signals, read more about them here: http://www.bittsanalytics.com/blog/category/bittssignals/

We are using proprietary deep learning on vast sets of different data to assess where could be possible price bands of resistance for cryptocurrencies. For many excellent past cases of achieving high returns with BittsBands see our blog posts at http://www.bittsanalytics.com/blog/category/bittsbands/

Several days ago we wrote about how one could use BittsBands to make great return on Aeternity when the price was around 2.1 USD:

What we also noted at the time was the relatively weak resistance bands above 2.1 USD, see chart from that tweet:

In this situation a rally through 3 USD and much higher would seem much more easier. This is indeed what has happened in the last days with the price now reaching 5 USD for a return of 138% in less than a week.

If you want to include these deep learned data in your cryptocurrency analysis you can find it at our BittsAnalytics platform: www.bittsanalytics.com.. Platform also has a lot of other advanced data such as social media analytics and chart patterns automatically detected with AI as well as sophisticated analytical tools. These have also proven excellent generators of trading signals, read more about them here: http://www.bittsanalytics.com/blog/category/bittssignals/

We are using deep learning on vast sets of different data to assess where could be possible price bands of resistance for cryptocurrencies. For more detailed explanation of BittsBands please see e.g. our blog post:

In this blog post we discuss EOS BittsBands. As you can see in the BittsBands chart below EOS was approaching prices ranges with very weak BittsBands above 12 USD. That means a high probability of rapid rise of EOS and this is indeed what happened next with the price now over 15 USD for a quick 25% return in around a day.

If you want to include these deep learned analysis in your cryptocurrency trading you can find it at our BittsAnalytics platform: www.bittsanalytics.com.. Platform also has a lot of other advanced data such as social media analytics and chart patterns automatically detected with AI as well as sophisticated analytical tools.